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For Sale:  Rochester MLS# 7028516

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Active NEW!
$405,000
/mo Edit
Multi-family:  1.5 Stories
5 br • 3 ba • Built 1939
2,741 sqft • 0.172 acres
MLS# 7028516
763-576-8286
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    Property Description

    Great location in historic Kutzke Park close to Mayo / St Mary’s complex and downtown with over 3000 ft.² This home has 5 bedrooms 3 baths and 2 kitchens currently used as an Airbnb short-term rental, but could easily be turned back to a single-family home or a duplex. Within the last year, a new roof, zero maintenance premium siding, high efficient HVAC/furnace and central air, also main floor kitchen has been completely remodeled. Convenient parking with a 2 car garage, and driveway parking for 3. Utilities run about $400 per month with $40, 000+ a year Gross income this place could be a gold mine for Clinic residence, multigenerational families, investors, or owner occupants looking for a good long term rental. Basement has full kitchen, bedroom, den, living room, 3/4 bath, and common utility / laundry area.. Main floor has 2 bedrooms, full bath, and common kitchen and living room. Upstairs has 2 bedrooms and 3/4 bath. Rooms rent for $650 - 1, 200/month depending on the time of the year.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $405,000
    Price per sq ft: $148
    Property Type: Multi-family
    City: Rochester
    Garage Spaces: 2
    County: Olmsted
    Year Built: 1939
    State: MN
    Property Style: 1.5 Stories
    Zip Code: 55901
    Subdivision Name: Cascade Manor

    Interior

    Bedrooms: 5
    Bathrooms: 3
    Finished Area: 2,741 ft2
    Living Area: 2,741 ft2
    Refrigerators: Two
    Basement Details:
    • Full
    • Partially Finished

    Exterior

    Stories: One and One Half
    Garage Spaces: 2
    Garage Size: 440 ft2
    Foundation Size: 1,062 ft2
    Fencing: Chain Link
    Handicap Accessible: None
    Heating System: Forced Air
    Exterior Material: Frame
    Roof Details: Asphalt

    Rooms

    Shared Rooms: Other
    Laundry:
    • Common Area
    • In Basement

    Lot & Land

    Acres: 0.172
    Geolocation: 44.025084, -92.484316
    Lot Dimensions: 50 x 150
    Lot Description: Tree Coverage - Medium

    Schools

    School District: 1929
    District Phone: 5073283000
    Elementary School: Elton Hills
    Middle School: John Adams
    High School: John Marshall

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,000
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $4,994
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,994

    Income

    Annual Gross Income: $40,000
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: $28,206

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Progressive Real Estate.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.